The rupee was at 83.3575 against the U.S. dollar as of 09:55 a.m. IST, down from 83.1425 in the previous session. The rupee touched an intra-day low of 83.4375 in early trading. The Indian rupee declined on Tuesday, as early trends in election results spurred broad-based dollar demand amid a lack of clarity about the… Continue reading Rupee declines as early election trends spur dollar buying
Author: Economic Times of India Online News
Delhi Metro breaks records with over 60 lakh passenger journeys in May
He added that Delhi Metro offers services in the most reliable and comfortable manner with no breakdowns or AC failures reported from any of its trains or underground stations which are designed for air-conditioning. Average passenger journeys in Delhi Metro in May were a record high at 60.17 lakh against the 52.41 lakh in May… Continue reading Delhi Metro breaks records with over 60 lakh passenger journeys in May
Coal output increases 10% in May
Coal production by state-owned CIL rose by 7.46% to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry’s provisional data. The country’s coal production rose by 10.15% to 83.91 million tonnes (MT) in May compared to 76.18 MT in the year-ago period. Coal production by state-owned CIL… Continue reading Coal output increases 10% in May
Audio Interview: Distressed German Companies: How To Create M&A Opportunities with Exceptional Values
Ron Hesse speaks with Phil Hertzog In the 20-minute Audio Interview, Mr. Hertzog discusses these questions: In our first interview we spoke about Distressed M&A in Germany and that by acquiring the operations of a distressed company in Germany the investor can create significant return on their investment. What more can you tell us about… Continue reading Audio Interview: Distressed German Companies: How To Create M&A Opportunities with Exceptional Values
Rupee set to rally after exit polls predict Modi win
The rupee dropped 0.2% on Friday, in the lead-up to the exit polls. The Indian rupee is expected to rally at the open on Monday after exit polls indicated a third term for Prime Minister Narendra Modi. Non-deliverable forwards indicate the rupee will open at 83.10-83.12 to the U.S. dollar, compared with 83.4625 in the… Continue reading Rupee set to rally after exit polls predict Modi win
Pune Metro: Alstom delivers first ‘Made-in-India’ Metropolis train for Line 3
As a part of this contract, Alstom is manufacturing 22 Metropolis train sets of three cars each that can carry 1,000 passengers per train. New Delhi: Alstom, one of the global leaders in smart and sustainable mobility, has delivered the first Metropolis metro train for the Pune Metro Line 3, from its manufacturing facility in… Continue reading Pune Metro: Alstom delivers first ‘Made-in-India’ Metropolis train for Line 3
Japan, EU agree to work on creating hydrogen demand and supply
Japanese trading house Itochu Corp on Monday said it is conducting a feasibility study of building hydrogen and ammonia supply chain in Kitakyushu in southern Japan, one of the future offshore wind hubs in the country. Japan and the European Union on Monday agreed to work together on policies related to creating demand and supply… Continue reading Japan, EU agree to work on creating hydrogen demand and supply
Stellantis India appoints Shailesh Hazela as new CEO and MD, effective mid July
Shailesh has a strong experience of over 28 years across diverse sectors including automotive, telecommunication and railways. Shailesh holds a Master’s in Business Administration and a Bachelor’s in Industrial Engineering. Stellantis has announced the appointment of Shailesh Hazela as the new CEO and Managing Director. Shailesh will succeed Aditya Jairaj, who will be relocating to… Continue reading Stellantis India appoints Shailesh Hazela as new CEO and MD, effective mid July
Bajaj Auto May 2024 domestic sales drop marginally to 225,087 units
The company witnessed an increase of 5% in the total sales of commercial vehicles to 49,841 units compared to 47,452 units last year. New Delhi: Bajaj Auto, one of India’s leading automobile manufacturers, reported a decrease of 1% to 225,087 units in May 2024 domestic sales, compared to 228,401 units in May 2023. On the… Continue reading Bajaj Auto May 2024 domestic sales drop marginally to 225,087 units
Metro railway rolls out UPI in all stations under North-South corridor
Seeing the huge response of Metro users, authorities are contemplating extending this alternative ticketing facility to the Ruby-New Garia and Joka-Taratala section as well for the benefit of the commuters soon, it said. After the Howrah Maidan-Esplanade and Sector V-Sealdah corridors of the East-West Metro, UPI payment-based ticketing system has been introduced in all automatic… Continue reading Metro railway rolls out UPI in all stations under North-South corridor